2014 Registration Document and Annual Financial Report - page 146

Corporate GOVERNANCE
Interests and compensation
3
Table 15: Performance shares that vested in 2014 but which are subject to lock-up,
and performance shares whose lock-up period expired in 2014
Grantee
Grant date
Number
of shares
granted Vesting date
End of
lock-up
period
Number of shares
vested during
the year subject
to lock-up
Number of vested
shares no longer
subject to lock-up
Sébastien Bazin
_
_
_
_
_
_
Sven Boinet
_
_
_
_
_
_
Lock-up conditions
In accordance with the French Commercial Code and the AFEP/
MEDEF Code, when executive officers or other Executive Committee
members acquire shares under performance share plans set up
since May 14, 2007, a certain proportion of these shares, as set
by the Board of Directors, may not be sold until the grantee either
leaves the Accor Group or ceases to hold the position of executive
officer or Executive Committee member, as applicable.The lock-up
conditions vary depending on the plan concerned, as shown in the
table below.
Table 16: Lock-up conditions for vested performance shares owned by executive officers
and other members of the Executive Committee
Grant date
Lock-up conditions
applicable to executive officers
Lock-up conditions applicable to
other Executive Committee members
03/31/2009 The following percentages of shares may not be sold until the
grantee ceases to hold a directorship or an executive officer’s
position:
20% of the vested shares on fulfillment of the performance
conditions. In addition, the grantee must purchase Accor
shares corresponding to 3% of the number of vested shares.
OR
25% of the vested shares on fulfillment of the performance
conditions.
25% of the vested shares on fulfillment of the
performance conditions may not be sold until the
grantee ceases to be a member of the Executive
Committee.
04/4/2011
The following percentages of shares may not be sold until the
grantee ceases to hold a directorship or an executive officer’s
position:
20% of the vested shares on fulfillment of the performance
conditions. In addition, the grantee must purchase Accor
shares corresponding to 3% of the number of vested shares.
OR
25% of the vested shares on fulfillment of the performance
conditions.
However, if the value of the shares exceeds two years of
the grantee’s fixed compensation, the only lock-up condition
is that the executive officer must purchase Accor shares
corresponding to 3% of the number of vested shares.
The following percentages of shares may not be
sold until the grantee ceases to be a member of the
Executive Committee:
20% of the vested shares on fulfillment of the
performance conditions. In addition, the grantee
must purchase Accor shares corresponding to 3% of
the number of vested shares.
OR
25% of the vested shares on fulfillment of the
performance conditions.
However, if the value of the shares exceeds two
years of the grantee’s fixed compensation, none
of the vested shares will be subject to lock-up
conditions.
03/27/2012
25% of the vested shares on fulfillment of the performance
conditions may not be sold until the grantee ceases to hold
a directorship or an executive officer’s position.
However, if the value of the shares exceeds two years of
the grantee’s fixed compensation, the only lock-up condition
is that the executive officer must purchase Accor shares
corresponding to 3% of the number of vested shares.
25% of the vested shares on fulfillment of the
performance conditions may not be sold until the
grantee ceases to be a member of the Executive
Committee.
However, if the value of the shares exceeds two
years of the grantee’s fixed compensation, none
of the vested shares will be subject to lock-up
conditions.
Registration Document 2014
144
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